The U.S. economy which unfortunately is being depended on by most of the rest of the nations in the world, is probably helping the American current generation remember the late 1930s.
The reluctancy of the Americans to clearly digest the hard facts is quite understandable. That is why may be the clock at New York was installed year ago by a real estate developer when the debt was approaching $3 trillion to remind the citizens of America of their nation's economic status.
But some years ago, the clock stopped when the U.S. started running a surplus. I think it would have surely been prior to GB era. The clock is functioning again folks.
The National Debt Clock struck $10 trillion recently.
Source: NPR
Images courtesy: Daily Mail.
1 comment:
I agree with your all opinions given by you in your post. The U.S. economy which unfortunately is being depended on by most of the rest of the nations in the world. If there market fall then it effect over the world. Thanks for sharing this in your post with us.
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